Miami, Florida--(Newsfile Corp. - October 20, 2020) - Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the "Company" or "GlobalX") is pleased to announce that Management will host its monthly update through a Zoom webinar on Thursday, October 22 at 1:30 PM EST. Interested parties are encouraged to register below.
When: October 22, 2020 - 01:30 PM Eastern Time
Topic: Global Crossing Airlines Management Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_L9Aa8fVwT6OsIQd4iE51GA
After registering, you will receive a confirmation email containing information about joining the webinar.
In addition, the Company is also please to confirm that 830,000 warrants have been recently exercised by shareholders for gross proceeds of Cdn$415,000. This includes an exercise of 50,000 warrants by Ed Wegel, Chair and CEO of the Company.
The Company also announces that it has retained the services of Hybrid Financial Inc. ("Hybrid Financial") for strategic investor relations initiatives. The initiatives will include marketing, distribution, and branding services for the Company with a specific focus on elevating the Company's profile via investment advisors in the United States and Canada.
Pursuant to the agreement Hybrid Financial will receive a monthly retainer of Cdn$22,500.00. The agreement is for an initial term of six months, following which the agreement is renewed for subsequent three-month renewal terms until terminated. The Company will pay the monthly fee from its cash on hand. The agreement is subject to the approval of the TSX Venture Exchange.
Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal. Additional information about Hybrid Financial can be found at www.hybridfinancial.com. Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange in providing the services. Hybrid Financial Inc. holds 1,560,000 shares of the Company.
About Global Crossing Airlines
GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.
For more information please visit https://www.globalairlinesgroup.com/
For more information, please contact:
Ryan Goepel, EVP and CFO
Ryan.goepel@globalairlinesgroup.com
Phone: 305-869-4780
or
Jeff Walker
Vice President
The Howard Group Inc.
Email: jeff@howardgroupinc.com
Tel: 403-221-0915
Toll Free: 1-888-221-0915
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company's intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process and the services to be provided by Hybrid Financial.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX's business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX's business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX's operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66352
